September 26, 2024
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6min
The European Union (EU), with its vast market of over 448 million consumers, has always been a key destination for Sri Lankan apparel exports. Known for its high-quality and ethically produced garments, Sri Lanka has secured a strong foothold in this competitive space. However, new sustainability and labelling requirements introduced by the EU present both […]

September 23, 2024
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3min
The Joint Apparel Association Forum (JAAF), Sri Lanka’s apex body for the textile and apparel industry, warmly congratulates NPP leader Anura Kumara Dissanayake on being elected as the new President of Sri Lanka. As the country enters a new phase of leadership, JAAF highlights the immense importance of the apparel sector, a key driver of […]

June 7, 2024
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4min
Global apparel-tech conglomerate, MAS Holdings, announced the outstanding achievement by its subsidiary, MAS Kreeda, which was honored with ten Gold Awards by The Royal Society for the Prevention of Accidents (ROSPA) for their exemplary health and safety performance for the year 2023.     The ten MAS Kreeda strategic business units (SBUs) recognized were, Kreeda […]

March 4, 2024
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5min
Bill McRaith and Shrihan Perera fortify top textile manufacturer’s corporate leadership Teejay Lanka PLC has announced the appointment of two eminent apparel industry personalities, Messrs. Bill McRaith and Shrihan B. Perera as independent, non-executive directors, effective 1st March 2024. Recently retired after an illustrious career of more than three decades in the global apparel and […]

February 5, 2024
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5min
Industry veteran Saifudeen Jafferjee was elected Chairman of the Joint Apparel Association Forum (JAAF), which is the apex body that guides Sri Lanka apparel towards its ultimate goal of being the world’s number one apparel sourcing destination.  At the 20th Annual General Meeting held recently, the Executive Committee including Deputy Chairmen Felix Fernando and Aroon […]

October 3, 2023
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9min
      Envisages Sri Lankan operation to double in size by 2026 to $200M Expresses confidence in Sri Lanka’s ability to deliver amidst economic headwinds Recognizes Sri Lanka’s workforce and innovative sustainable manufacturing processes as key strengths   Earlier this year, global fashion infrastructure platform PDS Limited announced the unveiling of a centralized cutting […]

September 19, 2023
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6min
      18th September 2023: The newly appointed Chairman of the Fabric Apparel Accessory Manufacturers Association (FAAMA), Sahan Rajapakse, highlighted the importance of strengthening vertical integration and import substitution of textiles as the way forward for the industry. Speaking at the 16th Annual General Meeting of the Association, the Chairman of FAAMA noted that […]


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Lanka Business News is amongst the leading online Business News portals in Sri Lanka, unique for its focus on contemporary business news relevant across multiple industries operating in the country. We present not only the news, but a perspective based on observations and possible implications of a prevailing news item. LBN also provides an insight to the impact of a global economic or industrial development, thus helping stakeholders make informed and calculated decisions.




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